Severstal has been granted the right for development of the Liberian largest iron ore deposit
Edited by Rhod Mackenzie / 2014-07-08 10:13:53
The Ministry of Lands, Mining Industry and Energy of Liberia has granted to Putu Iron Ore Mining Company Incorporated (PIOM, a 100% property of Severstal) class A license for iron ore production in the Putu Mountain Range region, Severstal reports.
Class A license was granted to the company after admission of the Feasibility Study of the project presented to the Government on March 31 in accordance with Mineral Development Agreement, MDA signed on November 2 2010 and the plans for development of the project denounced before.
Translated by Nadezhda Poltoratskaya
